Technical analysis by Octaviuss about Symbol BTC: Sell recommendation (10/21/2025)

Hello Traders, Bitcoin is facing a strong downtrend after the weekend recovery lost momentum, with the cryptocurrency lagging behind other risk markets in gaining momentum, thanks to easing US-China trade tensions. Despite an improved risk sentiment, Bitcoin failed to maintain above the 110,000 USD level. The BTC/USD chart shows a strong bearish pattern. After hitting a high earlier in the month, a sharp decline pulled Bitcoin away from its record highs, wiping out approximately 500 billion USD in market capitalization. Forecasts suggest that BTC/USD may continue to decline towards support levels at 103,500 USD and 97,900 USD, with TP1 and TP2 targets respectively. Other News: Bitcoin is struggling to maintain above 110,000 USD after a sudden drop in early October, increasing risk-averse sentiment in the cryptocurrency market. The optimism surrounding "uptober" is also quickly fading, with Bitcoin showing a loss of over 2% for the month.